Electric two-wheeler industry is showing signs of revival especially with sales of High-Speed Electric two-wheelers (HS E2W) in September have increased by 72 percent on YoY basis. The registration stood at 2,544 units in September 2020, as against 1,473 vehicles sold in the corresponding month of the last year.

“We are experiencing huge customers’ interest in greener vehicles as they have seen how the environment looks like when no fuel-guzzling vehicles are running on roads. The upcoming festive season will add to the pent up demand and help OEMs to recover what they lost in the quarter 1 and 2 due to Covid lockdown,” Sohinder Gill, Director General, Society of Manufacturers of Electric Vehicles (SMEV) said.

The first six month of the Financial Year 21 have been a roller coaster ride for the EV industry. The financial year started with an uncertainty due to Covid 19 which led to lockdown in the country. Between the period of April’20 and September’20, the industry registered sales of 7552 HS E2W as against 10161 HS E2W sold in the corresponding months of the last FY.

“One of the main reasons of the stagnant sales is attributed to customers not able to buy products due to COVID 19, which led to lockdown in the country. However, the industry has been quickly able to enter the positive curve soon after the government announced the unlock process,” he said.

“Lately there have been many positive news on the EV policy front from the central and state governments that has led to a higher confidence amongst OEMs, Component suppliers and investors. We look forward to a big push by the government to set right what went wrong with FAME 2 so as to assist generation of demand which is already showing some green shoots. Some of the measures that could be adopted are removal of the 'range criteria' from two wheelers for subsidy, reduction of GST on batteries from 18 % to 5% when sold separately, mandating delivery businesses to convert their fleets to EVs, promote electric mobility under ‘Swatchh Bharat Campaign’ added Sohinder Gill.

The outlook for the FY remains positive as the segment hopes that the recent move by the central government allowing vehicle to be sold without battery and the announcement of EV policy by Delhi government would further help the industry to move forward. Also, extending the PMP guidelines would allow industry to ramp-up production and strengthen local component market. (MT)

NB: Featured photo is representational. 

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TVS Motor Company, one of the leading two-wheeler and three-wheeler manufacturers, has reported its highest quarterly revenue and profits for Q3 FY2026.

The operating revenue grew by 37 percent to INR 124 billion, compared to INR 90 billion in the same quarter of the previous year. The company’s Operating EBITDA grew by 51 percent to INR 16 billion, achieving a margin of 13.1 percent, Profit before tax grew 57 percent to reach INR 13 billion.

The company achieved total sales of 1.54 million units across two-wheeler and three-wheeler segments, representing a 27 percent increase. Within this volume, motorcycle sales rose by 31 percent to 726,000 units, while scooter sales grew by 25 percent to 614,000 units. International two-wheeler business saw a 35 percent rise, reaching 366,000 units. Three-wheeler sales doubled to 60,000 units from 29,000 units in the previous year.

Electric vehicle (EV) sales reached a quarterly high of 106,000 units, a 40 percent increase over the 76,000 units sold in the quarter ended December 2024. For the cumulative nine-month period, operating revenue stood at INR 344.63 billion, a 29 percent growth. Profit after tax for the nine months reached INR 26.25 billion, as compared to INR 18.58 billion a year ago.

For 9-months of FY2026 sales volumes for two-wheelers and three-wheelers reached 4.32 million units, up from 3.52 million units. This included 2.01 million motorcycles and 1.75 million scooters. Cumulative EV sales for the nine months rose to 256,000 units. The company continues to expand its international presence, with nine-month export volumes exceeding 1 million units.

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India Yamaha Motor (IYM) has announced a restructuring initiative to reorganise its corporate framework. The company currently operates through four entities: India Yamaha Motor (IYM), Yamaha Motor India Sales (YMIS), Yamaha Motor Research & Development India (YMRI), and Yamaha Motor India (YMI). Under the plan, YMIS and YMI will consolidate into IYM.

The transition brings sales, marketing, finance, administration and manufacturing capabilities under one structure. YMRI will remain an independent entity focused on engineering and mobility solutions. The restructuring aims to simplify operations, strengthen governance, and remove redundancies across the organisation.

Hajime Aota, Chairman of the YMIG Group, will also serve as Managing Director of IYM. Inagaki Junpei remains Managing Director of YMRI to lead the company's technology agenda.

The Japanese company has stated that the transition will not impact customers, partners, or employees. The move is designed to unify manufacturing and corporate operations while maintaining a research and development engine.

Mr Hajime Aota, Chairman of YMIG Group and Managing Director of India Yamaha Motor, said, “This transition reflects our strong commitment to sustainable growth and value creation. By aligning our structure with our long-term vision, we are empowering our teams to innovate faster and respond to market needs with greater agility. India is a key pillar in Yamaha Motor’s global strategy, and this initiative will help us strengthen our brand further, deepen market penetration, and reach a wider customer base”.

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Suzuki Motorcycle India (SMIPL), one of the leading two-wheeler manufacturers in the country, will host its motorcycling festival, Suzuki Matsuri, in Hyderabad on 25 January 2026. The event is scheduled to take place at the Chicane Circuit in Shameerpet and serves as a community platform for two-wheeler owners and enthusiasts.

The festival features track experiences where attendees can test the Suzuki V-Strom SX on an urban enduro course and evaluate the Suzuki Avenis for agility. The company will also display its product portfolio, including scooters, motorcycles, and big bikes. A central feature of the event is the Suzuki e-Access, the brand's first electric two-wheeler, which will be available for test rides and on-the-spot bookings with retail finance and rental options.

The Hyderabad edition marks the production of 10 million units by SMIPL. The company will honour the owner of the 10 millionth vehicle, a Suzuki Access, during the celebrations. Off-track activities include stunt shows by professional riders on Suzuki big-bikes, interactions with influencers and art zones featuring helmet and caricature artists.

Registered participants can access free service check-ups for their Suzuki vehicles and purchase official merchandise. The event includes lucky draws and a social media contest for attendees. Music performances by Dharmik, Threeory Band and DJ Kim are scheduled throughout the day.

Deepak Mutreja, Vice-President – Sales, Marketing, Suzuki Motorcycle India, said, “Following successful editions in Delhi, Bengaluru and Mumbai that attracted over 10,000 participants, we are excited to bring Suzuki Matsuri to the City of Nizams. Hyderabad has been home to an enthusiastic and fast‑growing riding community, and Suzuki Matsuri is our way of celebrating this spirit together. With multiple on‑ground activities, rider engagements and immersive entertainment, we look forward to offering customers and fans an unforgettable festival experience that reflects the energy and excitement of the Suzuki brand.”

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India Yamaha Motor (IYM) has initiated a voluntary recall of 306,635 units of its 125cc hybrid scooter models. The campaign affects the RayZR 125 Fi Hybrid and Fascino 125 Fi Hybrid models manufactured between 2 May 2024 and 3 September 2025. The action is effective immediately and focuses on addressing a technical issue identified in the braking system.

The recall was prompted by a concern regarding the front brake caliper, which may exhibit limited function under specific operating conditions in certain units. To rectify this, India Yamaha Motor said it will replace the component at no cost to the owners of the affected vehicles. The work will be carried out at Yamaha showrooms across the country.

Owners can check if their vehicle is part of the recall by visiting the India Yamaha Motor website. Under the service and maintenance section, users are required to enter their Chassis Number in the 'Scooter 125' category to confirm eligibility and view instructions for the replacement process.

The company stated that the recall is part of its commitment to product safety and quality. There are no reports in the announcement of incidents resulting from the identified brake caliper concern.

According to the official communication from India Yamaha Motor: "Customer safety remains Yamaha’s highest priority. This voluntary recall has been initiated to address a potential concern wherein it has been identified that, under certain operating conditions, the front brake caliper exhibits limited function in select units of the RayZR 125 Fi Hybrid and Fascino 125 Fi Hybrid scooter models".

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